Monetary Theory and Monetary Policy (Economists of the Twentieth Century)

This second collection of essays demonstrates the importance of economic analysis for the development of appropriate economic policies. The preface provides the reader with an account of both Karl Brunner's personal and academic life; the introduction focuses on his intellectual development. Issues discussed in this collection include the question of whether monetarism has failed, monetary policy, persistent inflation, deficits and interest rates, high-powered money, the monetary base, the money supply, international monetary order and the question of whether supply side economies is sufficient for comprehensive policymaking.